According to ACT Research’s latest State of the Industry: N.A. Classes 5-8 Report, with demand for commercial vehicles surging, much depends on the opening of the OEMs’ 2022 order books. “There are times in the cycle where other variables supplant orders as the most critical in terms of industry understanding,” said Kenny Vieth, ACT Research’s president and
According to the latest numbers from ACT Research, preliminary used Class 8 sales dropped 6% month-over-month and 12% year-over-year in June. Other data released in ACT’s preliminary report included month-over-month comparisons for June 2021, which showed that average prices increased 5%, as average miles fell 1% and average age was unchanged compared to May. Compared
Complete industry data for May, including final order numbers, will be published by ACT Research in mid-June.
In the release of its Commercial Vehicle Dealer Digest, ACT Research reported that the question of commercial vehicle demand for 2021 has been answered, but the remaining question is the industry’s ability to meet that level of demand. “This year’s challenge is to ascertain the impact of supply constraints on 2021’s production potential, and the two
February net U.S. trailer orders of 26,414 units fell nearly 16% from the previous month, but rose almost 88% compared to February of 2020, according to ACT Research. Before accounting for cancellations, new orders of 28,300 units were down 14% versus January, but 74% better than the previous February, ACT adds. “Although it seems many
November net U.S. trailer orders of 39,645 units fell nearly 28% from the previous month, but that followed a two-month order surge and still indicates a solid month, ACT Research reports. Net orders were up 100% year-over-year and more than 30% YTD compared to the first 11 months of 2019. Before accounting for cancellations, new
According to ACT Research’s latest numbers, May and June commercial vehicle orders have returned to something closer to life as usual, following the shutdowns of March and April. “A survey of the current business landscape shows a picture of intensifying cross-currents, with an uncertain outcome,” said Kenny Vieth, ACT Research’s president and senior analyst. “On
Fleets and OEMs will not be immune to the economic impacts of the current situation.
ACT Research: Trailer net orders dropped pre-Coronavirus, now ‘most unusual’ market conditions in history
February net U.S. trailer orders of 12.7k units were down 15% month-over-month and 45% below the previous year. Before accounting for cancellations, new orders of 14.8k were down 12% versus January, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailer Report. “The conservative investment posture of fleets continued into February,”
According to ACT Research’s (ACT) latest State of the Industry: NA Classes 5-8 Report, Class 8 inventory-to-sales ratio, seasonally adjusted, hit 3.5 months in February, while the Classes 5-7 inventory-to-sales ratio dropped from a “highest in a decade” in January to 3 months in February. “From a current data perspective, regardless of source, February marks
While seven of the ten major trailer categories posted month-over-month gains, the sequential 32% drop in dry van orders was significant enough to pull the total industry results into the red.
According to ACT Research’s latest release of the North American Commercial Vehicle Outlook, expectations for the Class 8 and trailer production volumes have been trimmed for 2020, and expectations of recovery starting in 2021 have been tempered. Additionally, current order softness and excessive inventory building in the medium-duty sector contributed to forecast reductions in the next